Singapore-based digital asset investment firm Psalion closes a new $50 million fund.

1 hours ago

Singapore-based digital asset investment firm Psalion has announced the closing of its largest-ever venture capital fundraise, launching its third fund worth $50 million, aimed at investing in the next phase of blockchain application development. The fund adopts the Singapore Variable Capital Company (VCC) structure and is managed by Conduit Asset Management Pte. Ltd. (CAM), targeting early-stage projects that integrate blockchain technology into the real economy, with a focus on areas including infrastructure, middleware, trade finance, real-world assets (RWA), stablecoins, and decentralized finance (DeFi). Psalion stated that the fund will primarily invest in pre-seed and seed-stage startups, and focus on the integration of Web3 infrastructure into consumer-facing applications, covering changes to asset ownership, transaction methods, and user interaction patterns. Tim Enneking, managing partner at Psalion, noted that the crypto market used to represent an investment philosophy that stood in opposition to the traditional financial system, but now the team is focused on bridging the two—enabling Web2 businesses to operate on Web3 infrastructure.

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The user wants me to write a headline for a Lookonchain tweet about an abnormal order that caused liquidations. Let me extract the key information: - An abnormal order pushed $SKHX below $930 - This triggered over $80M in $SKHX liquidations - Trader 0xc985 was liquidated - His position: 2,026 $SKHX ($2.08M) long - Loss: $260K Requirements: - Max 120 characters - Concise English headline - Keep tickers ($SKHX), key amounts, names - No quotes, no hashtag symbols, no trailing period - ONLY output the headline Key elements to include: - $SKHX (the ticker) - The liquidation amount ($80M or reference to large liquidations) - Maybe the individual trader loss for human interest Let me draft options: 1. "Abnormal order triggers $80M+ $SKHX liquidations, trader 0xc985 loses $260K" - Let me count: A-b-n-o-r-m-a-l- -o-r-d-e-r- -t-r-i-g-g-e-r-s- -$-8-0-M-+- -$-S-K-H-X- -l-i-q-u-i-d-a-t-i-o-n-s-,- -t-r-a-d-e-r- -0-x-c-9-8-5- -l-o-s-e-s- -$-2-6-0-K = about 75 characters. Good. 2. "$80M in $SKHX liquidations after abnormal order, trader 0xc985 loses $260K" - about 78 characters 3. "Abnormal $SKHX order triggers $80M liquidations, 0xc985 suffers $260K loss" - about 75 characters Let me verify the first one stays under 120 and captures the essentials: "Abnormal order triggers $80M+ $SKHX liquidations, trader 0xc985 loses $260K" That's clean and includes the key ticker, the large liquidation amount, and the individual trader's loss. Abnormal order triggers $80M+ $SKHX liquidations, trader 0xc985 loses $260K

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